In a recent report by Citi, the target for Microsoft (MSFT) has been raised due to the positive impact of OpenAI on Azure. OpenAI’s collaboration with Microsoft has led to increased optimism about the company’s future prospects, particularly in the realm of artificial intelligence. Citi’s analysis highlights the significant advancements that Microsoft has made in … Read more
Microsoft recently presented at a Citi event where they discussed their goals and partnership with OpenAI in utilizing Azure, their cloud computing platform. The focus was on how OpenAI’s positive outlook on Azure could potentially lead to more collaborations and advancements in the field of artificial intelligence. During the presentation, Microsoft highlighted their strategic partnership … Read more
Citi analysts have raised their price target for Microsoft stock to $520 from $495, while maintaining a Buy rating. This increase follows positive headlines from OpenAI, suggesting strength in Microsoft’s Azure cloud platform, but Citi notes that expenses may be underestimated. Recent reports indicate OpenAI has doubled its annualized revenue to $3.4 billion, with expanded … Read more
Citi analysts recently raised their target price for Microsoft to $520 from $495 while maintaining a Buy rating on the stock. They highlighted positive news from OpenAI regarding Microsoft’s Azure but expressed concerns about potentially underestimated expenses. OpenAI has reported significant revenue growth and cloud capacity contracts with ORCL, but analysts warn that consensus estimates … Read more
In response to rising demand for AI products, Bernstein has raised the stock price target for Taiwan Semiconductor Manufacturing Company (TSMC) to $200 from $150. The increase comes as TSMC is experiencing strong demand for its N3 semiconductor technology, smartphone processors, and growth in packaging capacity. Bernstein predicts that these factors will contribute to TSMC … Read more
Organizations around the world that use Java but are not considered Oracle customers may receive a call from the tech giant within the next three to nine months regarding their Java usage. House of Brick, a software licensing specialist, has observed an increase in organizations seeking advice after being contacted by Oracle about their use … Read more
NVIDIA’s stock has been on the rise, with the consensus price target reaching $200 per share, as per Rosenblatt Securities. This upgrade is driven by the potential of the chipmaker’s new Blackwell, Rubin, and Hopper series chips to capture a larger market share in high-computing. If successful, NVIDIA could potentially reach $5 earnings per share … Read more
analysts have updated their price target for Oracle stock following the company’s recent earnings report. The consensus among analysts is that Oracle’s strong performance in its cloud business has resulted in an upward revision of their price target for the stock. The company’s earnings report showed promising growth in its cloud services revenue, which exceeded … Read more
This week at Hewlett Packard Enterprise’s Discover 2024 show in Las Vegas, the company announced a new partnership with Nvidia, focusing on AI computing in the enterprise. The joint offering includes HPE’s Nvidia AI Computing, featuring three HPE servers with Nvidia GPUs, as well as the HPE Private Cloud AI, which includes Nvidia’s AI Enterprise … Read more
Nvidia became the world’s most valuable company, surpassing Microsoft and Apple on Tuesday. The chipmaker’s market value reached $3.34 trillion, ahead of Microsoft at $3.33 trillion and Apple at $3.28 billion. Trading was closed on Wednesday for the Juneteenth holiday, allowing Nvidia to retain its top position for at least a day. Analysts are optimistic … Read more